Revenue Regulations No. 14-2023
super_admin2023-11-23T16:14:06+08:00Amends the pertinent provisions of Revenue Regulations (RR) No. 2-98, as amended, by adding items (V) and (W) to impose a Creditable Withholding Tax on certain income payments by joint ventures/consortiums. The pertinent provisions of Section 2.57.2 of RR No. 2-98, as amended, is hereby further amended to read as follows: "Sec. 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. Except as herein otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines: [...]